Ukrzaliznytsya has placed Eurobonds for $100 million

Укрзализныця разместила еврооблигации на $100 млн

Railways have attracted in the international market of $ 600 million since the beginning of the year

The deadline for the repayment of Eurobonds – 2024 with an effective rate 7,292% per annum. This is the lowest rate in eight years.

The state-owned company Ukrzaliznytsya has placed Eurobonds in the amount of nearly $ 100 million, increasing the total issue to $ 600 million. Said this yesterday, the press service Mininfrastruktury.

It is noted that the final maturity of the additional issue 2024 with an effective rate 7,292% per annum. This is the lowest rate in eight years.

“Today between Ukrzaliznytsia and the European Bank for reconstruction and development (EBRD) in the presence of the Minister of infrastructure Vladislav Krylia signed a framework agreement, according to which 70% of the attracted 100 million US dollars will be spent on the modernisation of the railway infrastructure of international transport corridors TEN-T”, – stated in the message.

Shows that even 30% of the funds will be spent to update the funds control room signaling and communication, as well as to improve the system of control of railway traffic.

According to the head of Ukrzaliznytsia Evgeny Kravtsov, the company is implementing a policy of modernization after the cars and locomotives will invest in infrastructure development.

“With our partners from the EBRD decided to partially upgrade the railway line transport corridors TEN-T, through which passes about 80% of all transit cargo. In addition, we commit ourselves also to upgrade the dispatch and communication”, – the press service quoted Kravtsov.

Also, according to the head of the company, thanks to these measures, Ukrzaliznytsya will be able to attract additional transit cargo to reduce the time of their passing through the territory of Ukraine and, consequently, increase the financial income of the company.

Recall that in early July Ukrzaliznytsia issued Eurobonds for $ 500 million without government guarantees for five years at 8.25% per annum. Request five times oversubscribed the company.

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